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BTCUSD Bitcoin

69,661.88
179.81 (0.26%)
08:20:02 - Realtime Data
Name Symbol Market Market Cap ($) Algorithm
Bitcoin BTCUSD Crypto 1,377,268,716,470 SHA-256d
  Price Change Price Change % Current Price Bid Price Offer
  179.81 0.26% 69,661.88 69,661.87 69,661.88
High Price Low Price Open Price Prev. Close 52 Week Range
69,891.92 69,414.79 69,555.89 69,482.07 34,100.00 - 73,835.57
Exchange Last Trade Size Trade Price Currency
GDAX 08:20:07 0.000161 69,661.88 USD
Price x Volume Volume Base Symbol Related Pairs
59,696,193.19 857.30 BTC BTCEUR BTCGBP ETHBTC

Native USDC Officially Launches on Sui

08/10/2024 2:02pm

ChainWire



Grand Cayman, Cayman Islands, October 8th, 2024, Chainwire


Sui is the first Move language-based blockchain with native USDC

Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and Circle, the issuer of USDC, today announced that native USDC is live on the Sui Network. With this integration, users of Sui will have direct access to one of the most widely used stablecoins as a native asset on the network, removing the added complexities and risks caused by bridged assets. 

With the launch of native USDC on Sui, users can now enjoy enhanced liquidity and security through direct on-chain representation, eliminating the need to bridge USDC and use external bridges. This transition reduces the risks associated with canonical, or lock-and-mint bridges, offering a more secure experience for asset transfers. 

Additionally, the upcoming integration of Cross-Chain Transfer Protocol (CCTP) will enable seamless movement of USDC across supported blockchains, allowing users to transfer assets swiftly and securely between networks, including Sui. The development opens up significant opportunities for decentralized finance (DeFi) applications on the Sui Network, as protocols can now leverage native USDC to offer improved liquidity, reduced friction, and enhanced user experiences.

“Sui’s integration of native USDC will bring tremendous benefits to developers and users alike,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Native USDC grants the Sui community easy access to one of the world’s most stable digital currencies, and the opportunities it unlocks for the ecosystem are endless.”

Protocols on Sui integrating native USDC on day 1 include Aftermath Finance, Cetus, DeepBook, FlowX, Hop, Kriya, Navi Protocol, Scallop, Suilend, Sui Wallet, Turbos, Typus, and 7K with a number offering swaps from bridged USDC to the new native token.


Contact
Sui Foundation
media@sui.io

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